Incontestability,
Incontestability Definition:
Incontestability definition is: Conditions that prevent the life insurance company from withholding the right to pay for a suicide claim or materially misrepresenting its claim for up to two years.
Incontestability means, The provision of a life insurance policy which, apart from non-payment of premium and other special circumstances, cannot be challenged after the policy has been valid for two years in the life of the policyholder.
Incontestability,
What Does Incontestability Mean?
A clause that gives the life insurer the right to refuse to pay for material errors or omissions in his claim for up to two years.
Definition of Incontestability: A provision of a life insurance policy which states that the policy is suitable for the life of the policyholder after two years, except for non-payment of premium and other conditions.
Incontestability,
Incontestability means,
A provision of a life insurance policy stating that the policy is valid for the life of the policyholder after two years, except for non-payment of premiums and other conditions.
Incontestability means, An arrangement that prevents the life insurer from refusing to pay a claim for two years on the basis of a material misrepresentation or misrepresentation of his claim.
